Rescind
Dictionary of Terms and Phrases Used in American or English Jurisprudence · Benjamin Vaughan Abbott · 1879
Dictionary of Terms and Phrases Used in American or English Jurisprudence
To abrogate, annul, avoid, or cancel a contract; spoken particularly of nullifying a contract by the act of a party. Rescission: the act or step of abrogating or declaring null a contract, particularly when by one of the parties. Thus one speaks of a buyer's right to rescind a contract of sale, because the thing delivered proved worthless.
Rescissory action
A term of Scotch law, meaning an action to have a contract rescinded.